If you’re thinking about selling your house, it’s probably because something in your life is different, not because of how the housing market is doing.
While things like mortgage rates and home prices play a big role in your decision, market factors aren’t the only thing to consider when making a move. You should also take time to really reflect on why you want to move in the first place. Have your needs changed? Is your current house too big or too small? These things matter too. And sometimes they may matter more than rates or prices. As a recent article from Realtor.com says:
“No matter what interest rates and home prices do next, sometimes homeowners just have to move—due to a new job, new baby, divorce, death, or some other major life change.”
Here are a few of the most common reasons people choose to sell. You may find any one of these resonates with you and may be reason enough to move.
Relocation: Some of the things that can motivate a move to a new area include changing jobs, a desire to be closer to friends and loved ones, wanting to live in your ideal location, or just looking for a change in scenery.
For example, if you just landed your dream job in another state, you may be thinking about selling your current home and moving for work.
Upgrading: Many homeowners decide to sell to move into a larger home. This is especially common when there’s a need for more room to entertain, a home office or gym, or additional bedrooms to accommodate a growing number of loved ones.
For example, if you’re living in a condo and your household is growing, it may be time to find a home that better fits those needs.
read more…Click here to download the complete Home Sellers Guide Summer 2024
